AI firm Cerebras Systems files for Nasdaq IPO By Investing.com

Investing.com -- Cerebras Systems filed for a proposed Nasdaq initial public offering on Friday.

The company builds computer chips designed to accelerate artificial intelligence training and inference. Cerebras is known for its Wafer-Scale Engine, a single processor that keeps data and memory on one piece of silicon to address traditional performance bottlenecks.

Cerebras builds computer systems for complex AI deep learning applications.

Morgan Stanley, Citigroup, Barclays, and UBS will serve as lead underwriters for the offering.

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